On Thursday, Tencent Holding Ltd. (ADR) (TCEHY.US) saw its shares climb more than 2% in premarket trading, reaching $85.68. The company reported third-quarter revenue of 192.87 billion yuan, up 15% year-over-year and surpassing estimates of 188.8 billion yuan. Adjusted net profit stood at 70.551 billion yuan, an 18% increase from the previous year and exceeding market expectations of 65.974 billion yuan.

Additionally, sources familiar with the matter revealed that Tencent has reached an agreement with Apple, under which Apple will process payments and take a 15% cut from in-app purchases within WeChat mini-games and applications. The resolution of this issue—negotiations between the two tech giants had lasted over a year—opens a new revenue stream for Apple while easing pressure on Tencent.